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Monday, October 07, 2013

Watchers for the 10-8-13 trading session

VISN

New Supernovae scan return. A 5 day move up which closed below the
highs and above the open. Volume low most days, huge peak Monday.
Eventually this can be shorted since it is up so absurdly. I suspect
like many such plays it can go further than anyone expects, though.
Conditional entry. On a higher open, it might yield a rapid green to
red on Tuesday and spike down for a short scalp. This might even be a
gap and crap. A fade on confirmed weakness cues anytime or heavy
dumping on volume from or near the bell. Ideal is a flat or barely
green or red open, followed by a big move down on volume to short into.
Avoid big gaps, especially downward ones. Do not short into initial
strength or greening. Box and drop to wait for the distribution print,
if desired and avoid top fish timing fades. Keep flat on positive price
action, no scalps.

CRME

New 52's. Short term, these yearly high stocks often go higher.
Consistently strong price action, like trading above the opening price
level after the first 5 minutes, is a long. Or, if it gaps down a bit
to debut or opens flat and falls briefly, a red to green and hold with
strong volume. Also long on spiking up at or near the gun as a scalp.
This might be an EOD exit, depending on how it holds up. Also long on a
break above to new yearly highs (over 5.35) and holds. Avoid
shorts, keep flat on true weakness. Nice move above 4.50. Needs to keep above the Monday close,
or at least above 4.50 on pull backs to remain viable as a long, aside
from any early noise. Early sustained prices over 5 are ideal for aggressive entry.

PXLW

Red floater scan return. Idea is to play for more down side on
day 2. Closed red by 1% on Monday off a flat open that ended below the debut. Stop just above
the Monday session high (5.12) to cap losses on head fake fade
entries. I'm only into the shorting possibility if it
surfaces, keeping flat on strength. Also a short on heavy volume
dumps/confirmed weakness cues. Low sell volume on Monday means it
may have some chances to work. A 5 fail may be
ideal. Avoid big gaps/longs. Panic dump?

ANV

B/O scan. I like it long back over 4.96 and
holds. Ideal to stay
over
that on tests aside from early noise if it triggers. Stops also
possible just under the close on Monday or the 1st 30 minute low of
Tuesday. Avoid all shorts and all big gaps. The low on Monday is too
far away to use for risk managing stops. Also a long on spiking up at
or near the gun as a scalp. Strong volume on the rise, a poor sign
for new buys. Exiting below 4.70 on
fails
after
trigger entry is possibly advisable. Early r/g? Up A/H over 3% so let it settle in first.

AEC

Bullish Engulfing. I like this long over 14.90/holds. Low volume on
the rise, which is a good sign for new buyers.
Keep
flat on real weakness aside from a typical red to green move, etc. Stops
just under the low last time or the initial 30 minute one on Tuesday.
More conservatively a stop placed under Monday's close,
too. The low on that day is not too far away to use for
stops. Ideally
stays above 14.71 on pull backs to remain viable as a long if it
triggers. No big gaps or shorts.

RCON

In play both ways. As a long on continuation of momentum above 3.13/holds.
Or as a scalp up at or near the gun for a scalp buy. Or,
as a
short on a fall fail of 3 and holds. Or as a scalp sell on
a
pop down at
or
near the bell. Avoid all big gaps. Be careful
maintaining a short on a reversal back over 3. The
fade is more likely given the price action on Monday, but keep an open mind. Careful, very low sized float. Up A/H 1.38%.

RWT

Hammer scan long. The tail is not too long to use the low as a stop
level
unless the position is very large. Use the previous session open
alternatively instead. Trigger is above the high of last time, here
above 17.77/holds. Avoid
all
big gaps, especially up ones. If it
gaps over the
trigger let it test/hold/perk 1st before entering. No shorts,
keep
flat on redness. Big sell volume, which could mean overt buy interest
is fast approaching, suggesting reversal upwards may soon be at hand.